Breakup of diplomatic and commercial ties between Venezuela and Panama

On March 5th 2014, the president of Venezuela decided to break up both diplomatic and commercial ties with Panama creating an atmosphere of distrust has between both countries without affecting the maritime trade so far.
After conducting an investigation by checking all the information available about this situation (mostly from official sources and the press) in order to determine if the breaking of “diplomatic and commercial” ties with Panama could affect the Panamanian flagged vessels expected to call or sail from/to Venezuela, so far there aren’t indications at least officially that the situation could get extended to the maritime trade. In fact you may note in the following note from our minister of foreign affairs where is pointed out that the breakup of the economic ties is only extended to the freezing of the 2 billion USD debt that Venezuela holds with Panama:
Notwithstanding of the above and as unfortunately occurs with the Venezuelan government, they only way to know with certainty if the Panamanian flagged vessels could get affected would be during such a situation like that if our government decides to do so.
We would also add the statement made by the Panamanian Presidency Minister, Roberto Henriquez who informed that Panama will put in place sactions agaisnt Venezuelan functionaires will not be extended to the cargo shipments from/to Venezuela throught the Panama channel:
Finally, we would add that we´ve looked out for precedents and found that not too many years ago a similar situation took place with the US and no affectation was caused to the US flagged vessels (mostly oil tankers) that continued working normally with Venezuelan ports as destination.
Should you have any further question, please don’t hesitate on contacting us.

Changes in Venezuelan port administration

With the designation of a new military president for Venezuelan port administration, we consider important that all concerning parties understand the potential implications related to the government´s recent actions.

Oil sprayed by refinery at Punta Cardon causing ship/cargo possible contamination

All concerning parties should be aware about the increasing frequency of vessels contamination (and possibly cargo) due spray effect caused by the high winds in the area and spillages in the refinery buildings.

Oil Leakages at Maracaibo Lake causing hull stains

All concerning parties should be aware that the presence of oil leakages in Maracaibo Lake is a frequent issue and most vessels transiting this area are subject to oil stains on the hulls with the subsequent loss of time due the necessary cleaning arrangement.

Increasing Ignition during loading of petcoke at the port of Amuay

We´ve recently noticed that the number of cases of ignition of petcoke on board at the port of Amuay has increased with the subsequent risk to the safety on board.

1 2 3 4 5 6